710 Bay Street, Santa Monica, CA 90405 (MLS # 24380145)
Pride-of-ownership TRIPLEX in the heart of Ocean Park, moments from cafes, shops, Joslyn dog park, Main St and the beach. This updated 1950's courtyard property evokes a quieter, mellow beach era and includes two 1 bed +1 bath units and one 2 bed + 1 bath rear unit with its own private patio/yard area with mature shade trees. Each unit offers unique, tasteful and charming finishes, along with two parking spaces, hardwood floors, and updated kitchen and bathroom. The property provides a shared laundry room furnishing extra monthly income. One unit (Unit B, a 1bd, 1ba) will be delivered vacant. The other two units are occupied with solid, but not full market value rents. Gross income with actual rents for the two occupied units and projected rent for the one vacant unit is appx. $116,364/yr (including laundry income). Current operating expenses approx. $7,931/yr (excluding taxes and mortgage). Bonus: Santa Monica triplexes can be exempted from Santa Monica rent control if one unit is owner occupied (buyer to verify with City). A perfect opportunity for an owner who wants to offset the mortgage, or an investor looking for a foothold in a high rent/high quality tenant area of Santa Monica.
Property Type(s):
Residential Income
|
Last Updated
|
4/16/2024
|
Year Built
|
1956
|
|
Community
|
Santa Monica
|
Garage Spaces
|
2.0
|
|
County
|
Los Angeles
|
SCHOOLS
| School District |
Santa Monica-Malibu Unified |
Additional Details
| APPLIANCES |
Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Vented Exhaust Fan, Washer |
| AREA |
Santa Monica |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| CONSTRUCTION |
Stucco |
| GARAGE |
Assigned, Attached Carport, Driveway, Garage, Yes |
| HEAT |
Wall Furnace |
| INTERIOR |
Ceiling Fan(s), Recessed Lighting |
| LOT |
4473 sq ft |
| LOT DESCRIPTION |
Yard |
| PARKING |
Attached Carport,Assigned,Driveway,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
1 |
| STYLE |
Traditional |
| VIEW DESCRIPTION |
None |
| ZONING |
SMOP2* |
Location
Listed with Rodeo Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/1/24 9:23 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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